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09 Jul
11:08

Fujian Longgang establishes steel subsidiary

Fujian Xinghua Iron & Steel was recently registered and established at the Fujian Provincial Administration of Industry and Commerce as a wholly-owned subsidiary of Fujian Longgang New Material, Kallanish notes. It is expected to be one of the bases of Longgang's new project. Longgang plans to invest CNY 25 billion ($3.58 billion) to construct an intelligent steelmaking industrial park with two phases and a total of 8 million tonnes/year of …
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